Hoosier Homes is an Indiana down payment assistance program that provides 4% or 5% toward your down payment and closing costs — structured as a forgivable second loan with no monthly payments on the aid layer.
Hoosier Homes helps Indiana buyers who qualify for a government-backed or HFA conventional first mortgage but need help covering upfront costs. The home must be your primary residence — occupied within 60 days of closing.
In standard participating counties, assistance equals 4% of your first mortgage loan amount. In designated Targeted Areas (Hoosier Homes Plus), that rises to 5% — and county income limits may be waived.
Ryan and Steve screen Hoosier Homes early in pre-qualification — checking your county, loan type, and whether the property address qualifies for standard or Plus assistance before you write an offer.
Hoosier Homes supplements — not replaces — your primary mortgage.
FHA 30-year fixed, VA 30-year fixed, and USDA 30-year fixed first mortgages all work with Hoosier Homes when you meet program guidelines.
Fannie Mae HFA Preferred and Freddie Mac HFA Advantage 30-year fixed products are also eligible first-lien pairings.
| Feature | Standard (4%) | Plus — Targeted Areas (5%) |
|---|---|---|
| Assistance level | 4% of first mortgage | 5% of first mortgage |
| Location rule | Approved participating county | County + Targeted Area census tract |
| Income limits | County guidelines apply | May be waived in Targeted Areas |
| Forgiveness | 7-year schedule, 1/84th monthly | Same 7-year forgiveness structure |
Related Hoosier Homes guides and loan programs to compare before you apply.
4% vs 5% examples based on your first mortgage amount.
Second-lien structure, 0% interest, and monthly forgiveness.
What happens to the remaining balance on early exit.
DASH portal reservations and participating lender origination.
Full program guide — eligibility, counties, and cash rules.
Compare Hoosier Homes with IHCDA, Chenoa, and other DPA.
How FHA 30-year fixed pairs with Indiana DPA.
Ryan & Steve will screen your county, loan type, and property address against Hoosier Homes rules before you shop.
Program guidelines, income limits, and Targeted Area maps change. This page is educational — final eligibility is confirmed when your file is underwritten against current Hoosier Homes rules. This website is not directly affiliated with or endorsed by any government agency.